Any tips for making offers on Freddie Mac/Home Steps REO properties and financing?

Asked by inna ivchenko, Calabasas, CA Tue Aug 21, 2012

It is my first time: sending such offer; I researched everything online, but if you share your experience~~ I'd really appreciate!!!!

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Sharonne Chiu, Agent, Tustin, CA
Tue Aug 21, 2012
I have closed several of these transactions. There pretty easy as long as you comply and upload the purchase contract and there addendum's correctly. If your offer is accepted, they are very strict with close of escrow dates and extensions. it always helps to use there financing. its considered a conventional loan with 3 percent down. no appraisal.
1 vote
Thank you, Sharonne!
Flag Tue Sep 18, 2012
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